ONLINE BIDDING PROCEDURES Sample Clauses

ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site bidders, the public auction shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s Website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.5. It shall be the responsibility of all registered Online Bidders to log in through the Ehsan Auctioneer’s website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.6. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating “Auction Started” is displayed. 9.7. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.8. The information shown in the bidding page of Ehsan Auctioneer’s website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site bidders. 9.9. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.10. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Auctioneer.
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ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site Bidders shall be binding upon the registered Online Bidders and On- site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event there is only one (1) or more than one (1) registered Online Bidders and/or On-site Bidders and no bid is entered by the said registered Online Bidders and/or On-site Bidders, the public auction in respect of that particular property shall be aborted. 9.3. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the xxx.xxxx0xxx.xxx. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.4. It shall be the responsibility of all registered Online Bidders to log in through the xxx.xxxx0xxx.xxx’s auction event page at least 15 (fifteen) minutes before the auction time on the date of auction and click “Bid Live” button upon auction commencement and wait for their turn to bid online for the property lot in which they have registered. 9.5. The public auction shall commence after the message stating “You can bid now” is displayed (subject to the Online Bidders’ registered property.
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Related to ONLINE BIDDING PROCEDURES

  • BIDDING PROCEDURES 4.1. Bidders have to login at EHSAN AUCTIONEERS SDN. BHD. Website using the same registered email 30 minute before Auction Time. 4.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show the bidding screen. Once enter the bidding screen bidders will be on STANDBY MODE 30 minute before the auction started. 4.3. Bidding shall generally commence based on the sequence of the lot being shown on the EHSAN AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.4. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.5. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.6. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, followed by a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”. Registered E-Bidders may submit their bid at any of these stages of biddings by click the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.10. In the event of any clarification, disruption or special situation, the Auctioneer may at his discretion decide to pause, postpone and/or call off the public auction. The E-bidders will be notified of this on the BIDDING SCREEN. 4.11. When system displays “NO MORE BIDS”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.12. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.13. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.14. A successful bidder will be directed to a page where further directions are given in order to conclude the sale of the auction property. Please also refer to Part 5 below. 4.15. Unsuccessful E-Bidders will have the deposit paid processed to be refunded to the same bank account from which the deposit transfer was made within three (3) working days. 4.16. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

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